Home / Knowledge / News / Apparel/Garments / EPB to push RMG producers to explore new export markets
EPB to push RMG producers to explore new export markets
Sep '11
To boost the growth of the Bangladesh readymade garment (RMG) industry, Export Promotion Bureau (EPB) will push the country's RMG producers to explore potential foreign markets.

As per the figures of the Trade and Information Centre (TIC) of EPB, when Bangladesh first exported knitwear products in fiscal 1972-73 soon after it attained Independence, it earned revenue of only Tk 59 million.

By next fiscal 1972-73, the garment exports surged to Tk 218 million and since then there has been an upward trend in exports of the country's garments sector.

The earnings from garment exports in 1980-81 recorded Tk 1,883 million and the same increased to US$ 18 billion in fiscal 2010-11. This substantial growth has been attributed to Government policy support, low labour wages, and easy market access.

With such a tremendous rise in the country's apparel exports, Bangladesh is today poised to take a leap further by exporting to more markets.

Speaking to Fibre2fashion, Mr Jalal Ahmed, Vice Chairman, Export Promotion Bureau, Bangladesh, said, “Over the years, the Bangladeshi RMG sector has attained certain quality standards and has been able to create demand for its products”.

Elucidating about the Bangladesh garment industry exploring potential foreign markets, Mr. Ahmed said, “Our main market is the USA and European Union, so we want to diversify and enter new markets.”

“Countries like China, Japan, Australia, South Africa and certainly India can be the new markets for Bangladeshi garments. We are also looking at Russia and Latin America,” he added.

He said the EPB is going to send a delegation to Russia for exploring business opportunities. He revealed that the Bangladesh Knitwear Manufactures & Exporters Association (BKMEA) has already sent a delegation to Brazil twice.

Talking about the current economic slowdown in the US, the key market for Bangladeshi apparel items, Mr. Ahmed said, “We are apprehensive and cautious that there might be some problem. But, our experience says that in 2008-09 when the first recession took place, we were not very hard-hit. So, even in this year we shall maintain our growth in exports.”

“Bangladesh mainly exports low- to mid-range products to the US, which are less affected by recession compared to high-end items,” he reasoned.

He informed that the Bangladesh Garment Exporters and Manufacturers Association (BGMEA) was little apprehensive about exports to the USA this year due to the current financial crisis, but there has been no decline in RMG exports last month. However, “we will be cautious and careful,” he said.

The EPB Vice Chairman sounded optimistic about the country's RMG sector maintaining the current growth rate.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Christian Dior

Fashion | On 25th Apr 2017

LVMH to acquire Christian Dior Couture for €6.5bn

LVMH and Christian Dior, which holds directly and indirectly 41 per...

Information Technology | On 25th Apr 2017

Self-repairing fabrics to be the future of fashion

It is the era of smart. Intelligent materials like self-repairing...

Textiles | On 25th Apr 2017

Indonesia revitalising textile sector

With exports of textile and textile products rising in Indonesia, the ...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search